Warren Buffett follows the Front-Page-of-the-Newspaper test as a guide for his businesses.

Question

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In his annual letter to shareholders, Warren Buffett has mentioned that the Front-Page-of-the-Newspaper test is a guide for his businesses. He believes that a company should only engage in activities that it would not mind seeing on the front page of the newspaper. If a company is engaging in activities that it would not want to be publicly known, then it is indulging in unethical behavior.

Warren Buffett Follows the Front-Page-Of-The-Newspaper Test as a Guide for His